brewski1984
Senior member
- Messages
- 2,067
- Likes
- 355
You don't know what I'm doing so how do you know that I don't know what I'm doing? I must be doing better than 90% of people if I haven't lost any money for 6 months.
You don't know what I'm doing so how do you know that I don't know what I'm doing? I must be doing better than 90% of people if I haven't lost any money for 6 months.
C'mon...my sister isn't a trader and she hasn't lost any money for 6 months either. Any idiot can not lose money. Close your account and you'll never lose again. I know you don't know what you are doing for 3 reasons:
1) 100 trades in 6 months (approx)
2) You haven't made money
3) Your here looking for advice.
I used to like you.
I have absolutely no luck whatsoever. Ok, well I have a bit of luck because if I didn't then I'd have no money left but still. I just can't get ahead and stay ahead and it's getting really frustrating! Just closed my 4th loss in a row and I'm currently getting rinsed in the 5th which will put me back at evens yet again after nearly 100 trades since last September![]()
I'd disagree, by 9pm on Monday i'd had 13 trades and 0 losers
I concur. If I close out my trades now, yes in the weekend, I'd have 90 winners and no loosers.
But still cannot spell "LOSER."![]()
I have absolutely no luck whatsoever. Ok, well I have a bit of luck because if I didn't then I'd have no money left but still. I just can't get ahead and stay ahead and it's getting really frustrating! Just closed my 4th loss in a row and I'm currently getting rinsed in the 5th which will put me back at evens yet again after nearly 100 trades since last September![]()
No hard feelings brewski1984.
Take a look at "Zero sum game" , especially the table at the end of the doc ...
http://www-bcf.usc.edu/~lharris/ACROBAT/Zerosum.pdf
Interesting, I've had a quick look I'll read it properly tomorrow. I wonder if the last page is me![]()
what markets do you trade? How many trades in a typical day?
How long have you been doing this ?
More likely the second page from last, third entry from bottom: Gamblers.
I have absolutely no luck whatsoever. Ok, well I have a bit of luck because if I didn't then I'd have no money left but still. I just can't get ahead and stay ahead and it's getting really frustrating! Just closed my 4th loss in a row and I'm currently getting rinsed in the 5th which will put me back at evens yet again after nearly 100 trades since last September![]()
If the market gave you 100 opportunities in 6 months then the answer is 'No'.
But if there were only 20 real opportunities in 6 months then the answer is 'Yes'.
I’d say the number of real opportunities in 6 months is closer to 20.
Work out these stats over those last 100 trades
Total number of trades: 100 ?
Total pip gain/loss:
Total winning trades:
Total losing trades:
Total B/e trades:
Strike rate of trades at b/e or better (ie as a % of total trades)
Strike rate of winning trades (as a % of total trades)
Expectancy/trade (ie total pips gained or lost divided by total trades)
Longest consecutive winning run of trades
Longest consecutive losing run of trades
Largest winning trade in pips
Largest losing trade in pips
Average winning trade in pips
Average losing trade in pips
Average winning trade less largest winning trade if more than twice the largest average trade - as calculated above
Average losing trade less largest losing trade if more than twice the average losing trade as calculated above.
See what they tell you.
G/L
I have a spreadsheet that tells me pretty much all of that, would you like me to post the answers? It'll probably be tomorrow though.